International. AnyVision announced that it has raised $43 million in investor funding. According to the company, the funds will be used to scale its remote authentication and contactless access control products at a time when the demand for innovative technologies that help companies meet the challenges of the new reality is increasing.
AnyVision has raised $117 million from investors to date, including $31 million in its latest funding round in June 2019. Investors were not specified in the last round.
"Facial authentication is a core technology to enable frictionless intelligent operations," said Eylon Etshtein, CEO of AnyVision. "With this additional funding, AnyVision will accelerate the delivery of these critical capabilities for businesses that are reinventing the way people access physical spaces and virtual services, both now and beyond the current crisis."
The company sees significant growth opportunity for contactless access control across all verticals within organizations that house large numbers of people in shared spaces, such as corporate real estate, banking and financial services, manufacturing, and hospitality.
"What sets AnyVision apart is that we deliver unmatched accuracy, performance and privacy protection on a unified visual intelligence platform that is designed to scale," said AnyVision COO Alex Zilberman.
He added: "Our core algorithm is trained on the most diverse datasets in the most challenging real-world conditions and offers the most accurate recognition in the industry, with or without masks. More than that, our technology was designed to protect individual privacy and eliminate the risk of data breaches by storing only a mathematical vector of a person's face, making it impossible to trace a user's identity. That's a combination that no other vendor in the computer vision space can match."
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